Solicitors’ professional indemnity insurance market report

The latest solicitors’ professional indemnity insurance (PII) market report from Howden provides analysis of the October 2023 PII renewal and offers some guidance on calculating gross fee income for PII purposes. The report notes that 2024 will be a tough year for many firms as the impact of the broader economic environment continues to bite, but adds that at least there is more stability in the PII market than has been seen for some time.